BREAKING NEWS 🚨

‼️FOMC UPDATE‼️

The Federal Reserve has announced a surprising 50 basis point rate cut, lowering the interest rate to 4.75%. This reduction exceeds earlier predictions, as most analysts were anticipating a 25 basis point decrease. The move highlights a shift in the economic landscape, with inflation showing signs of cooling and a more balanced outlook emerging.

While further rate cuts are on the horizon, future adjustments are expected to be more gradual. The next update on monetary policy is slated for November, where the Fed will provide more insight into its ongoing strategy.

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